The fog of war is thick now, which makes the markets less certain, which over time can contract multiples and bring down valuations. I’ve talked before about how we are in a currency war and how the “fog of war” is building, making this and other geopolitical conflicts potential Black Swan events.

Missing from today’s headlines are Ukraine, Russia and their dealings with the U.S. That might be off the front page, but it’s still inflammatory over there and it’ll probably be back headlining soon, if I had to guess. And doing what I do for a living, trading and investing and writing about it, means I do have to guess. I wouldn’t be surprised if we get a chance to buy on day when the markets are down 2%-3% the next time Ukraine, Russia and U.S. tensions flare. Keep it on your radar.

Biden’s Son Joins Board of Gas Company Linked to Ousted Ukrainian President — The facts: Ukraine Energy Co. has lots of “legal rights” to lots of energy fields in Ukraine. If Russia takes over Ukraine, those “legal rights” will be gone forever. Best way to save your company? Weeks after Joe Biden visits, you appoint his son to your Ukraine Oil Co., and now the U.S. will say its got U.S. interests in Ukraine. Much more “aid” from U.S. taxpayers to support the Biden kid’s company and the regime now in power in Ukraine and perhaps a full blown war in Ukraine is the most likely outcome with this development.

It’s crucial to be aware of as many interests at play as possible. At any rate, I’m not making any major changes to my portfolio as a result of this analysis. But Ukraine/Russia/U.S. tensions remain a volatile piece of our puzzle as well as being something to pray about.

Now onto some more actionable commentary. Here are the highlights of my interactions with readers of The Cody Word and other platforms this week.

Q. Hi Cody, I hear a lot that the market is as you say, “bubblicious” and many say a pull back is coming soon but I also hear that all of the traders are coming back from their vacations and that now is a good time to be fully invested (which I never am as I learned from you) as the bull roars into the end of the year. I also notice on the Biz channels that one says this and another says that — Is now a good time to be “more” invested in the market (I ask this knowing that I have solid profits in your recommended picks)? Thanks for your reply.

A. I personally don’t often try to game the market of thousands of stocks trading millions of shares daily, for the next few dozen trading days, which is another way of looking at the “stock market for the next few months.” I do think that there are bubble-blowing bull market forces of 0% interest rates, QE, and corporate profit maximizing strategies of the Republican/Democrat regime will lead to a bigger stock market bubble than we’ve already got right now. At some point I’ll become outright bearish and much less invested than I am right now, which is much less invested than I was back in 2011 when the bubble-blowing bull market we’re now experiencing was just getting started — but all of this is basically playing out as I’ve outlined and I’m steady as she goes for now.

Q. Cody, what type of Nasdaq correction are u anticipating?

A. Not expecting “another” correction in the Nasdaq just now. The path of least resistance is probably sideways, neither upward nor downward for now.

Q. What do you think of Softbank SFTBF as a play on Alibaba.

A. I don’t like that idea at all, frankly. How do you decide when the Alibaba IPO hype turns from buy-the-rumor to sell-the-news dynamic? I want to short all things Alibaba-IPO-related, not buy them, as I think all the upside from the endlessly pending IPO is more than priced in already.

Q. OK, thank you. Do you think we should look at Baidu? 59% growth last quarter is hard to turn away from.

Q. Cody, if you had to choose a company on your current positions to work for, which would it be and why?

A. Great question! Truth be faced, I know I am not wired to work at ANY corporation, as I’m much too anti-control and am too renegade in my approach to life. If I was forced at gunpoint to work at a company from my current portfolio, it’d probably be Facebook FB (or Amazon AMZN or Google GOOG) as I’d want to work for the founder of those types of incredible growth companies. I use them as inspiration for my own tech company that I help run.

Q. Do you see any of the wearable/drone companies in your positions with similar leadership/vision?

Cody Willard writes Revolution Investing for MarketWatch, posts the trades from his personal account at TradingWithCody.com, which is not affiliated with MarketWatch, and is the largest shareholder in Scutify‘s parent company, Wall Street All-Stars. At the time of publication, Cody Ambarella, Sandisk, Intel, Google, Amazon and Facebook. Follow Cody on Twitter at twitter.com/codywillard.

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About The Cody Word

Cody Willard writes the Revolution Investing investment newsletter for MarketWatch and posts the trades from his personal account at TradingWithCody.com He is the founder of WallStreetAll-Stars.com and the principal of CL Willard Capital. Cody serves as an adjunct professor at Seton Hall University and is on the University of New Mexico Alumni Board. He was an anchor on the Fox Business Network, where he was the co-host of the long-time #1-rated show on the network, Fox Business Happy Hour. Cody, a former hedge fund manager, and his stock picks and economic outlooks have been featured on NBC’s The Tonight Show with Jay Leno, ABC’s 20/20, CBS Evening News, CNBC’s SquawkBox, Jon Stewart’s The Daily Show, as well as in the Financial Times, Wall Street Journal, New York Times, and many other outlets.